301 Hartnell Ave - Apartments FOR SALE


Redding, CA 96002
$13,750,000 USD
530-999-4921
301 Hartnell Ave, Redding, CA for Sale
$13,750,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

301 Hartnell Ave
Redding, CA 96002


HIGHLIGHTS

  • Featuring 103 units of independent living at 70% occupancy.
  • Assumable FNMA loan with a principal balance of $12.7 million at an interest rate of 4.1% set to mature in November 2026.
  • River Commons was renovated in 2019 and has many robust amenities.
  • Well-positioned near conveniences such as Urgent Care, national retail and finance locations.

OVERVIEW

River Commons, located at 301 Hartnell Avenue in Redding, California offers 103-units of independent living. The community has a 70% occupancy rate with assumable FNMA debt of $12.7M at 4.1%, maturing in November 2026. River Commons was renovated in 2019, and is very well maintained. Amenities feature a pet friendly facility with resident gardens, spacious apartments, laundry-services, and home-style meals made from local ingredients. Full financials, rent rolls, and debt terms are available in the Data Room.

FOR SALE DETAILS

PRICE

$13,750,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

103

PRICE/UNIT

$133,495

CAP RATE

Request Cap Rate

% LEASED

69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Commons Senior Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

68

LAND DETAILS

LAND ACRES

5.91 AC

LAND SF

257,440 SF

ZONING

-

APN/PARCEL ID

107-420-033-000

ASK ABOUT THIS PROPERTY

Brad GoodsellSenior Living Investment BrokerageMore Info
530-999-4921

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Brad GoodsellSenior Living Investment BrokerageMore Info
530-999-4921

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.